Propeller archive 2013 with a Net income pertaining to the group equal to 1,4 million euro, against 5 million in the previous year. The manufacturer of kitchen hoods explains that the drop is linked to the provisions deriving from the workforce downsizing plan.
The Board of Directors has proposed the distribution of a dividend equal to 2,69 euro cents per share (gross of legal withholdings), to be taken from the available and distributable reserves recorded in the financial statements, with exclusion from the distribution of the dividend of treasury shares in portfolio as at 26 May 2014, the date of coupon detachment, with record date 28 May 2014. The proposed date for the payment of the dividend is 29 May 2014.
I revenues consolidated amounts reached 391,8 million euro, up by 4,2% on an annual basis at constant exchange rates and by 1,8% net of the exchange rate effect.
Also onEbitda 2013, equal to 22,9 million Euros, was heavily affected by the provision for restructuring charges emerging from the workforce downsizing plan both in the Italian perimeter and in the Chinese subsidiary (6,0 million Euros).
THEEbitda before restructuring costs, it amounted to 28,9 million euros (7,4% of revenues), up 7,0% compared to 27,0 million in 2012.
THEEBIT, amounting to 6,9 million euros compared to the 12,1 million euros achieved in 2012, decreased due to the impact of restructuring costs (6,0 million euros).
La net financial position as at 31 December 2013, equal to Euro 56,7 million, decreased compared to the Euro 62,3 million recorded as at 31 December 2012.
